The Best Places In America To Buy Property And Rent To Baby Boomers

It's often argued that retiring baby boomers, those born between
1945 and 1964, are slated to have a significant impact on the
housing market.

This is because they tend to downsize their homes on retirement.
Though the
extent of this trend is unclear.

"Investors leveraging demographic trends will often be able to
amplify rental returns and home price appreciation, particularly
when it comes to trends in the baby boomer and millennial
generations, which combined account for approximately 147 million
people — more than 60 percent of the U.S. adult population,"
RealtyTrac's Daren Blomquist said in a press release.

With that in mind, RealtyTrac identified the best rental markets
for baby boomers.

The markets they identified all had a 10% or more increase in the
baby boomer population between 2007 and 2013. And they had a baby
boomer population that accounted for 24% of the population. The
top 25 baby boomer rental markets saw annual gross rental
yields from 5.50% to 20.93%.

Rental returns were based on gross rental yield: "the average
fair market rent of three-bedroom homes in the county,
annualized, and divided by the median sales price of residential
properties in the county."

The top five markets for boomers based on annual gross rental
yield were all located in Florida:
1. Pasco County, Florida: 20.93%
2. Hernando County, Florida: 19.06%
3. Marion County, Florida: 16.96%
4. Citrus County, Florida: 16.43%
5. Polk County, Florida: 14.59%

Note: "For the report RealtyTrac analyzed median sales prices
for residential property and average fair market rents for three
bedroom properties in 370 U.S. counties with a combined
population of 186 million people — 60 percent of the total U.S.
population."